153
153
Jan 26, 2013
01/13
by
CNBC
tv
eye 153
favorite 0
quote 0
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to this "kudlow report." we're all used to financial titans squaring off but it's usually in a board room, not a cable television. a long standing grudge between bill ackman and icahn turned into a slug fest. and bobby jindal said the republican party needs to grow up and start being the stupid party. >> the fbi reports they are investigating senator bob menendez on accusations he purchased prostitutes and attended sex parties in the dominican republic. he has rejected this party for months and much of this story frankly is still unconfirmed. joining to us explain the allegations and the newly surfaced evidence, executive editor at "the daily caller." what is the new evidence that has emerged? >> about 36 hours ago we received a cache of documents, about 58 pages of e-
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to this "kudlow report." we're all used to financial titans squaring off but it's usually in a board room, not a cable television. a long standing grudge between bill ackman and icahn turned into a slug fest. and bobby...
217
217
Jan 24, 2013
01/13
by
CNBC
tv
eye 217
favorite 0
quote 0
now we've got the right costs for the new environment we're in. and is this a cross to the board picture? >> definitely. banking ultimately is such for the underlying economy. so i think it doesn't take an economy to tell us that the next couple of years is going to be choppy and not the growth we've had for the last 20 years. banking has to go back to basics. fist, think about your revenue and cost base. here on the cost base, huge improvements. they've always been unmanaged because the revenue is growing so, you know, clearly matched to pay people twice as much as we have to. today, people working from i.t. to legal to front office staff to traders, everyone in my view is clearly overbased. given the number of job opportunities that are there, i think banks cap capitalization. they should tell management, cut your costs. and i am sure people would be very happy. >> we're going to see a lot more come on the compensation levels. how should they measure compensation? particularly in banking? >> certainly. so first of all, up to now in investment ba
now we've got the right costs for the new environment we're in. and is this a cross to the board picture? >> definitely. banking ultimately is such for the underlying economy. so i think it doesn't take an economy to tell us that the next couple of years is going to be choppy and not the growth we've had for the last 20 years. banking has to go back to basics. fist, think about your revenue and cost base. here on the cost base, huge improvements. they've always been unmanaged because the...
239
239
Jan 25, 2013
01/13
by
CNBC
tv
eye 239
favorite 0
quote 0
of course, it's a challenging environment. but i think it's something that is quite possible to happen. >> i was looking at some numbers and nearly 1% gdp growth this year is the target for growth in mexico. that's four times the pace of brazil. double the united states. because of that, you're seeing this huge inflow in money and business activity. are those targets accurate? >> yeah. i think this year we should be in the range between 3 1/2 and 4% growth. and it is a good growth rate if you compare it with other countries in the world with some latin countries in the continent. but it's not enough. mexico is still an emerging country. we have a substantial amount of people still in poverty. and we need the to grow faster and at a steady te that's why productivity is so important. and we have fantastic samples of competitive in mexico. we need to make productivity something that is variable to the overall pop laying to the majority of mexico. and that's why it's important to do this crosswide reforms that can have a broad imp
of course, it's a challenging environment. but i think it's something that is quite possible to happen. >> i was looking at some numbers and nearly 1% gdp growth this year is the target for growth in mexico. that's four times the pace of brazil. double the united states. because of that, you're seeing this huge inflow in money and business activity. are those targets accurate? >> yeah. i think this year we should be in the range between 3 1/2 and 4% growth. and it is a good growth...
170
170
Jan 28, 2013
01/13
by
CNBC
tv
eye 170
favorite 0
quote 1
consumers are continuing to face economic challenges and this uncertain economic environment sn environment. >> you know, jackie just mentioned coach. you will bring us through some winners and sinners too. >> everyone is in on this trade. the last five years haven't been the best on the 50e cannot my but a little retail therapy helped investors along the way. since 2007, three of the top ten of the s&p 500 are consumer discretionary companies. also, making up nearly half of the 42 component that have doubled in that time period with those bar bell retail traids providing investors with the highest returns. discounters including ross stores, tjx, dollar tree and family dollar, all gaining a hundred percent or more since the october 2007 peak, but so too have ralph lauren and fossil on the high ends. on the dow, home depot come in as the top performer. wal-mart number four. so home depot and wal-mart are two that are up double digits. consumer discretionary groups, both leading the broader s&p 500. but the bulk of retail earners are yet to hit the tape. that could change everything. especial
consumers are continuing to face economic challenges and this uncertain economic environment sn environment. >> you know, jackie just mentioned coach. you will bring us through some winners and sinners too. >> everyone is in on this trade. the last five years haven't been the best on the 50e cannot my but a little retail therapy helped investors along the way. since 2007, three of the top ten of the s&p 500 are consumer discretionary companies. also, making up nearly half of the...
51
51
Jan 29, 2013
01/13
by
CNBC
tv
eye 51
favorite 0
quote 0
the pricing environment in the u.s. seems to be healthy and that's our expectations going through 2013. >> as you take a look at shares of ford, keep this in mind. it's a stock while down 5% this year, up 6.5% last year. a the lo are saying this the evaluation play for now. until definite that they will move higher you might be getting ahead of yourself. you have a guest later that might say buy now but that's the evaluation. >> over at stern senior analyst mike ward from that firm joins us now. he's got a buy on the stock. mike, what is the single or most one or two powerful arguments you've got for our audience about why they need to spend their hard earned money on ford stock. >> thanks for having me. first off in europe, mentioned the company did expect a loss of $2 billion in 2013. about half of that or close to a billion dollars, one-time unusual charges that won't occur again in 2014. ford is being very proactive in its restructuring in europe. that's good news. >> sorry, go ahead. >> i'm sorry, go ahead. the sec
the pricing environment in the u.s. seems to be healthy and that's our expectations going through 2013. >> as you take a look at shares of ford, keep this in mind. it's a stock while down 5% this year, up 6.5% last year. a the lo are saying this the evaluation play for now. until definite that they will move higher you might be getting ahead of yourself. you have a guest later that might say buy now but that's the evaluation. >> over at stern senior analyst mike ward from that firm...
184
184
Jan 24, 2013
01/13
by
CNBC
tv
eye 184
favorite 0
quote 0
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker...
226
226
Jan 25, 2013
01/13
by
CNBC
tv
eye 226
favorite 0
quote 0
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> good morning. welcome back to "squawk on the street." look at shares of halliburton, popping higher after releasing the fourth quarter earnings report. revenue higher than expectations as well. comments on the outlook contributing to gains today. the company saying it sees 2013 eastern hemisphere margins averaging in the upper teens. that forecast better than expectations. the stock popping more than 4%. >> thank you very much, jackie. in the last 30 minutes, bright horizons family solutions surged on the big board debut at the nyse. bfam is the ticker. currently trading, up $6.25. joining us on a first cnbc interview, david lissy. good morning. congratulations. >> good morning, simon. good to be here. >> you had a two-week road show. how difficult a sale was this to people? >> we'
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> good morning. welcome back to "squawk on the street." look at shares of halliburton, popping higher after releasing the fourth quarter earnings report. revenue higher than expectations as well. comments on the outlook contributing to...
127
127
Jan 28, 2013
01/13
by
CNBC
tv
eye 127
favorite 0
quote 0
retailers, we're operating within the irish domestic market exclusively, it's a very, very different environment with awkward rent reviews, public sector costs are highly uncompetitive right across costs such as wages. other local authority charges on retailers in particular and those with large industrial premises within the country and we also have a domestic mortgage crisis with the banks. >> now, ryanair shares are under pressure today. you can see they're trading down by better than 2%, in fact, taking the sector down, too. ez-jet is one of the worst performers on the stoxx 600 today. ryanair is roughly flat over the past seven days, so marginally higher from where we were a week ago on the back of those comments. >>> we are going to head out to tokyo as toyota reclaims the crown from gm as the world's biggest carmaker. we'll get the latest from egypt as president morsi declares a month-long state of emergency. dozens of people have been killed over anti-government protests. we'll take a view on equities, too. the dow, as we said, is on pace for its best january since 1989. and, again, for
retailers, we're operating within the irish domestic market exclusively, it's a very, very different environment with awkward rent reviews, public sector costs are highly uncompetitive right across costs such as wages. other local authority charges on retailers in particular and those with large industrial premises within the country and we also have a domestic mortgage crisis with the banks. >> now, ryanair shares are under pressure today. you can see they're trading down by better than...
177
177
Jan 24, 2013
01/13
by
CNBC
tv
eye 177
favorite 0
quote 0
that you need long-term stable environments. because when we look into plants or other investments we look out 10, 15 years. >> sounds like you're saying it was a mistake to make this speech. >> i'm not saying anything. you're asking me how do i believe investment positions could be affected. >> the other topic we've been talking about has been energy and energy policy in the united states. and it was making me think given the possibility of fracking and shale and everything else going on, does that give you any sense that you would make additional investments in the united states? >> andrew, already done. i think what we've seen in the united states is a great example that the energy direction of the united states is really competitiveness agenda. we see reindustrialization initiatives already happening. chemicals are coming back to the u.s. we will see further industrial build-out coming back to the united states. for us in twofolds it's a great growth business opportunities, for big and most modern gas turbine plant which we
that you need long-term stable environments. because when we look into plants or other investments we look out 10, 15 years. >> sounds like you're saying it was a mistake to make this speech. >> i'm not saying anything. you're asking me how do i believe investment positions could be affected. >> the other topic we've been talking about has been energy and energy policy in the united states. and it was making me think given the possibility of fracking and shale and everything...
86
86
Jan 25, 2013
01/13
by
CNBC
tv
eye 86
favorite 0
quote 0
we set expectations below normal seasonal guidance out of respect for that environment. and what really happened, the sequential story is very, very strong. the numbers you talked about t even organically speaking, we included some m&a, but t even organically speaking, we were ahead of normal expectations, particularly on you are i.t. business. and what i would tell you is there was certainly a factor of that delay and deferral we talked about in september that actually came in strong in december. >> well, look, you go over the conference calls pretty extraordinary. you talk about europe. you say a lot of it's eastern europe, uk and germany. i mean, there had been weak demand for two years, but demand grew 20%? how is that possible? >> no, it was somewhat aided by a recent acquisition we closed early in the quarter overall. what i would tell you is on an organic basis, our european computer business is still down double digits year-on-year, though. >> that's fair, but you did say positive things about how this month's going. for your company and also that inventory's low
we set expectations below normal seasonal guidance out of respect for that environment. and what really happened, the sequential story is very, very strong. the numbers you talked about t even organically speaking, we included some m&a, but t even organically speaking, we were ahead of normal expectations, particularly on you are i.t. business. and what i would tell you is there was certainly a factor of that delay and deferral we talked about in september that actually came in strong in...
122
122
Jan 29, 2013
01/13
by
CNBC
tv
eye 122
favorite 0
quote 0
. >> the environment there continues to be very, very tough. we do think, perhaps, it's a trough in '12 and '13 but we'll have to wait and see. >> that's the bad news. the good news for ford continues to be in north america. look at the profits, $1.872 billion in the fourth quarter. that's almost a billion dollars more than the fourth quarter last year. profit margins above 10%. that's impressive especially in an auto industry where 7 and 8% in north america used to be considered good. what's driving north america, stronger pricing, stronger sales. the profit margins, however, this is one thing that concerns people, the profit margins are expected to stay level in 2013, not grow in north america. still over 10% is impressive for a company a few years ago had no profit margins. >> very good point. phil, thank you. twinkies, one step closer to a new home. private firm apollo and metro polos a looking at a deal to buy from hostess. they are reporting that bid will be more than $400 million. so far everyone involved has declined to comment. we are
. >> the environment there continues to be very, very tough. we do think, perhaps, it's a trough in '12 and '13 but we'll have to wait and see. >> that's the bad news. the good news for ford continues to be in north america. look at the profits, $1.872 billion in the fourth quarter. that's almost a billion dollars more than the fourth quarter last year. profit margins above 10%. that's impressive especially in an auto industry where 7 and 8% in north america used to be considered...
131
131
Feb 1, 2013
02/13
by
CNBC
tv
eye 131
favorite 0
quote 0
i mean, it's a different political environment here. and we're going to see a more active justice department, particularly with big mergers like this. and so it's -- yeah, big surprise. it probably shouldn't have been. >> harry, the u.s. beer market is important, of course, for corona. i presume ab inbev are looking at this. that, i presume, is the big thing at stake. so is it in their interests here to just come to an agreement so they can still make corona a big selling global beer? >> yeah, i think so. but it kind of sdpendz depends on how big the concession has to be. you know, if they have to give up the brewery which is their largest right on the border, ab has indicated that could be a deal breaker. so it just depends on how big the package is. >> we'll see what happens. harry, thanks for joining us. all right. u.s. futures are called higher. the s&p having its best month since, what, late 2011. and the nasdaq is currently -- the dow is currently kaut called up 65 points. the nasdaq you called up 11.57 points and the s&p up 5 poi
i mean, it's a different political environment here. and we're going to see a more active justice department, particularly with big mergers like this. and so it's -- yeah, big surprise. it probably shouldn't have been. >> harry, the u.s. beer market is important, of course, for corona. i presume ab inbev are looking at this. that, i presume, is the big thing at stake. so is it in their interests here to just come to an agreement so they can still make corona a big selling global beer?...
134
134
Jan 30, 2013
01/13
by
CNBC
tv
eye 134
favorite 0
quote 0
in this environment it's not going to happen. >> to bring you back, is there any sense at all that the full in borrowing cost for the spanish government is going to feed through into the wider economy? i spoke on friday to the economic affairs minister. he told me this is what's going to happen -- now that borrowing costs are down it will feed through to the real economy. do you think that's going to happen or not? >> i hope yes because really we need some new measures. and we need some help to keep on growing again, as i was saying before. really, the -- what's going to say prime minister to all the investors. we have problems in the banking system with banking as you tell before. we have problem with the bank, and we need to -- a solution, to solve. with the meeting this morning with the president of the euro group, mr. junker, not tell any news about how will be the new measure. we are waiting and waiting and hoping that the new measures could be really strong, could be really positive. almost -- almost we're wishful that we could see cuts for the entrepreneurs, from the small and m
in this environment it's not going to happen. >> to bring you back, is there any sense at all that the full in borrowing cost for the spanish government is going to feed through into the wider economy? i spoke on friday to the economic affairs minister. he told me this is what's going to happen -- now that borrowing costs are down it will feed through to the real economy. do you think that's going to happen or not? >> i hope yes because really we need some new measures. and we need...
211
211
Jan 29, 2013
01/13
by
CNBC
tv
eye 211
favorite 0
quote 0
one is we still want an environment and policies that support medical innovation. two, we want to also make sure that we have policies that support the improvement of the quality of health care in this country. and third, we also want policies that support the competitiveness of u.s. businesses. if we're able to generate policies that engender that and foster that kind of general we think we can have a very conducive pharmaceutical industry and biotech industry in this country. >> i have a question for you. this is a layman's question. are you finding, what's the split of revenue for domestic versus international and are you growing faster domestically or internationally and in the international markets you face a lot of regulatory pressure that you don't that's different than what you see here? that's three questions in one. >> today our business is split about 50/50. half the business in the u.s., and half outside the u.s. from a regulatory standpoint we've seen a harmonization between the u.s. and europe. obviously in some of the more developed markets like chin
one is we still want an environment and policies that support medical innovation. two, we want to also make sure that we have policies that support the improvement of the quality of health care in this country. and third, we also want policies that support the competitiveness of u.s. businesses. if we're able to generate policies that engender that and foster that kind of general we think we can have a very conducive pharmaceutical industry and biotech industry in this country. >> i have...
369
369
Jan 25, 2013
01/13
by
CNBC
tv
eye 369
favorite 0
quote 0
>> the commodity environment we saw the last few years. certainly a better environment from a foreign exchange standpoint. multinational company earning profits. >> forex. and europe is better? >> europe, northern europe is pretty good. southern europe is still a challenge, because your previous guest would indicate. >> all right. you don't sell a lot of soap in certain countries over there. no, i'm kidding! i don't mean to -- i don't mean, you know, deodorant in one country in particular. let me think, anything else, jon, china? how's asia? >> asia is good. china is good. we grew high single digits in china. we expect that to accelerate as the year progresses. so generally our developing market business is very healthy. we grew 7% overall. 11% in the brick markets. over 20% in brazil and india. so that continues to be where a disproportionate amount of growth is coming. at the same time we're strengthening our develop market business which is starting to accelerate a little bit. >> thanks, john. hope to see you again next quarter so we ca
>> the commodity environment we saw the last few years. certainly a better environment from a foreign exchange standpoint. multinational company earning profits. >> forex. and europe is better? >> europe, northern europe is pretty good. southern europe is still a challenge, because your previous guest would indicate. >> all right. you don't sell a lot of soap in certain countries over there. no, i'm kidding! i don't mean to -- i don't mean, you know, deodorant in one...
178
178
Jan 31, 2013
01/13
by
CNBC
tv
eye 178
favorite 0
quote 0
in terms of the environment for a housing ipo, this could be a very good day. already, they had to increase the size of the offering they prize above the range, $17, putting the valuation of the company more than $500 million t is going to trade at the post right behind us, we will get the inside scoop on where this thing looks like it will open. >> california this is a california home builder, san francisco area. also southern. look, when you go to the website, they are selling them like hot cakes. >> single-family homes. >> what does that say? california home builder going public? >> my, how far we've come. >> pulte's down, jim. >> pulte is down, jim. >> thank you. thank you for that wet blanket. that wet electric blanket. >> a wet signed blanket. >> anything else you need me to tell you? >> whatever you want. >> speaking of housing, we are going to talk to fettig from whirlpool in the 11 this morning. pricing is getting better but volume is not matching at all what new homes are doing. >> surprising, low single digits, the companies make a lot of money. they
in terms of the environment for a housing ipo, this could be a very good day. already, they had to increase the size of the offering they prize above the range, $17, putting the valuation of the company more than $500 million t is going to trade at the post right behind us, we will get the inside scoop on where this thing looks like it will open. >> california this is a california home builder, san francisco area. also southern. look, when you go to the website, they are selling them like...
139
139
Feb 1, 2013
02/13
by
CNBC
tv
eye 139
favorite 0
quote 0
the subprime leaching into the environment. that hasn't happened here anywhere. as you noted, companies are leaner, meaner, and as a result, can handle any kind of volatility much better. they've learned, unfortunately, through a very bad experience how to do that. number three, parts of the world are not participating. europe economically, china picking up now from a lower point, countries like india struggling. so there are other parts of the world that could do better and join in on the earnings growth. the last one, an an important one, is what are your comparative yields elsewhere. where are your alternatives in terms of investing. and the valuation today, if you look at what we call the normalized earnings gap, take 10-year average earnings, inverted pe, you look at the bond yield five years into the future based on futures contract, you're at a level now that would argue 97% of the market gains in the next six months. >> let me pick up on that yield argument. because the logical conclusion, as sure as day follows night, from what you're saying, this optimi
the subprime leaching into the environment. that hasn't happened here anywhere. as you noted, companies are leaner, meaner, and as a result, can handle any kind of volatility much better. they've learned, unfortunately, through a very bad experience how to do that. number three, parts of the world are not participating. europe economically, china picking up now from a lower point, countries like india struggling. so there are other parts of the world that could do better and join in on the...
144
144
Jan 29, 2013
01/13
by
CNBC
tv
eye 144
favorite 0
quote 0
as i said at the outsaid, the environment is only getting tougher. to a certaindegree, yes, it is. >> when would you see empirical data suggesting that the tide is turning, though? i mean, would share -- i mean, would the end of share loss when it comes to the digital ad market, is that in the near future? >> no. i mean, look, google, it's growing somewhere between 30% and 40%. facebook around the same level. it's going to take a while for facebook to -- for yahoo! excuse me, to go from negative 5 to a positive. we think sometime by the end of this year, they may be flat to maybe slightly up. you know, we're not holding our breath on them growing as fast, or even faster than the industry as management continues to believe that they will be able to do. but in the meantime, we'll be looking at engagement to see month-to-month engagement, particularly on the mobile side. and also try to figure out or try to see the rollout of new products. that will be a precursor to them doing well over time. >> amazon, that's a big report we're all looking forward to
as i said at the outsaid, the environment is only getting tougher. to a certaindegree, yes, it is. >> when would you see empirical data suggesting that the tide is turning, though? i mean, would share -- i mean, would the end of share loss when it comes to the digital ad market, is that in the near future? >> no. i mean, look, google, it's growing somewhere between 30% and 40%. facebook around the same level. it's going to take a while for facebook to -- for yahoo! excuse me, to go...
181
181
Jan 31, 2013
01/13
by
CNBC
tv
eye 181
favorite 0
quote 0
what do you do in that environment? you make sure you're figuring out ways to grow organically. you make sure that you're continuing to be lean in your performance as best as possible. and you look at your portfolio. >> steve real quick in the board room confidence level if confidence was off the charts in 2007 at one to ten they were at a ten, what is it now? >> i think right now, six. and an opportunity, i'm really feeling some optimism, people think we're going to get it together in this country. >> steve thank you for being here this morning. >> thanks for having me. >> appreciate it very much. >> coming up, "squawk" is going to -- didn't have time top i tried to get some yes. tomorrow we have the kansas drummer. you really cleaned yourself up from when you were the guitar player for yes, steve howe, and the pitcher that actually he's dead i think so you're doing a lot better than him. >> i live a cleaner life. >> than either steve howe. tyler mathisen will join us to talk about his new documentary, speaking of steve howe. debt. it's a living. >>> tomorrow on "squawk box," i
what do you do in that environment? you make sure you're figuring out ways to grow organically. you make sure that you're continuing to be lean in your performance as best as possible. and you look at your portfolio. >> steve real quick in the board room confidence level if confidence was off the charts in 2007 at one to ten they were at a ten, what is it now? >> i think right now, six. and an opportunity, i'm really feeling some optimism, people think we're going to get it together...